HENRY COUNTY INDUSTRIAL DEVELOPMENT CORP (EIN 426075845) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

RACHEL LINDEEN

Phone

3193853101

Tax Period

2024-01-01 to 2024-12-31

HENRY COUNTY INDUSTRIAL DEVELOPMENT CORP, founded in 1959, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 86% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF HENRY COUNTY, IOWA THROUGH ECONOMIC GROWTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $12,841

Other Revenue $32

TOTAL REVENUE $12,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,740

TOTAL EXPENSES $1,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,873	$5,918	+1.2%
Expenses	$1,740	$2,864	-0.4%
Net Income	$11,133	$3,054	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE BRIMHALL	DIRECTOR	Director	$0	$0	$0
DAN MCCABE	DIRECTOR	Director	$0	$0	$0
CARLA MCNAMEE	DIRECTOR	Officer Director	$0	$0	$0
TERRY MCWILLIAMS	DIRECTOR	Director	$0	$0	$0
ROBERT MEYER	DIRECTOR	Director	$0	$0	$0
MICHELLE ROSELL	DIRECTOR	Director	$0	$0	$0
TOM WENSTRAND	DIRECTOR	Director	$0	$0	$0
KEVIN WHEELER	DIRECTOR	Director	$0	$0	$0
TED WILEY	DIRECTOR	Director	$0	$0	$0
CHAD WHITE	DIRECTOR	Director	$0	$0	$0
MICHAEL PATTEN	PRESIDENT	Officer Director	$0	$0	$0
RACHEL LINDEEN	EXEC DIRECTOR/SECRETARY	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$12,873	$1,740	$335,929	$11,133
2023	$5,918	$2,864	$324,796	$3,054
2022	$587	$1,705	$321,742	$-1,118
2021	$-111,449	$27,756	$322,860	$-139,205
2020	$5,294	$2,317	$462,065	$2,977
2019	$5,658	$1,739	$459,088	$3,919
2018	$5,247	$78,877	$455,169	$-73,630

HENRY COUNTY INDUSTRIAL DEVELOPMENT CORP